Quest Partners LLC Buys 7,483 Shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Quest Partners LLC increased its position in A-Mark Precious Metals, Inc. (NASDAQ:AMRK) by 748,300.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,484 shares of the company’s stock after acquiring an additional 7,483 shares during the quarter. Quest Partners LLC’s holdings in A-Mark Precious Metals were worth $330,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP increased its stake in A-Mark Precious Metals by 94.1% in the 2nd quarter. Quarry LP now owns 1,112 shares of the company’s stock worth $36,000 after acquiring an additional 539 shares during the last quarter. nVerses Capital LLC bought a new position in shares of A-Mark Precious Metals in the second quarter worth approximately $45,000. Strategic Investment Solutions Inc. IL bought a new stake in A-Mark Precious Metals during the third quarter valued at approximately $88,000. Victory Capital Management Inc. purchased a new position in A-Mark Precious Metals in the 3rd quarter worth approximately $226,000. Finally, Fermata Advisors LLC bought a new position in shares of A-Mark Precious Metals in the 3rd quarter worth $232,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

A-Mark Precious Metals Price Performance

AMRK stock opened at $30.23 on Tuesday. The firm has a market cap of $700.73 million, a P/E ratio of 12.66 and a beta of -0.01. The firm’s fifty day moving average is $39.03 and its 200 day moving average is $37.49. A-Mark Precious Metals, Inc. has a 52 week low of $24.22 and a 52 week high of $47.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.37 and a current ratio of 1.66.

A-Mark Precious Metals (NASDAQ:AMRK) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.59). A-Mark Precious Metals had a net margin of 0.57% and a return on equity of 10.93%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.64 billion. Research analysts predict that A-Mark Precious Metals, Inc. will post 3.54 earnings per share for the current year.

A-Mark Precious Metals Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Tuesday, October 8th. A-Mark Precious Metals’s dividend payout ratio (DPR) is presently 34.04%.

Insider Transactions at A-Mark Precious Metals

In related news, CEO Gregory N. Roberts sold 22,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.44, for a total transaction of $999,680.00. Following the transaction, the chief executive officer now owns 28,202 shares in the company, valued at $1,281,498.88. The trade was a 43.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael R. Wittmeyer sold 10,975 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $43.30, for a total value of $475,217.50. Following the transaction, the director now directly owns 292,535 shares of the company’s stock, valued at $12,666,765.50. The trade was a 3.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,316 shares of company stock worth $4,911,036. Insiders own 48.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of A-Mark Precious Metals from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson cut their price objective on A-Mark Precious Metals from $52.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, A-Mark Precious Metals presently has an average rating of “Hold” and a consensus target price of $46.33.

A-Mark Precious Metals Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.